23-08-2013
Fast Track Exit Mode For Defunct Companies
The Ministry of Corporate Affairs launched “Fast Track Exit Mode” on 03.07.2011 to provide an opportunity for defunct companies under Section 560 of the Companies Act, 1956 for getting their names struck off from the register of companies, to facilitate the exit of such defunct companies without getting into the process of winding up.
SOURCE: www.corporatelawreporter.com
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